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Solana Node Operator Figures Out Who's Benefiting From Memcoin Fever

Solana Node Operator Figures Out Who's Benefiting From Memcoin Fever

HappyCoinNewsHappyCoinNews2024/12/18 06:11
By:HappyCoinNews

Node operator Solana , an analyst and contributor to the Jito project named Leo said that he knows who is actually making the most profit from the memecoin craze.

According to him, the main beneficiaries of this hype are Solana , Jito and Raydium. They are the ones that receive the majority of profits and are among the top five leaders according to Defi Llama, often earning more than the sum of the gas fees in Ethereum .

The expert noted that these three players try not to advertise their income, and the profit of liquidity providers primarily depends on whether the commission fees cover their intermittent losses.

Many memecoin creators, as well as traders, have left the network along with investors Ethereum в Solana , as they make fortunes. This became especially noticeable during the first cycle of memecoins, the analyst noted.

The situation in this sector will not change in the near future, and the above-mentioned players will continue to dominate and receive almost all the income from the notorious fever, Leo is sure.

In his opinion, memecoins will continue to attract investments from major players, as they have been able to gain recognition among the public.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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